Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 134 Billion | USD 364 Billion | 19.8% | 2024 |
The global adhesive and sealants market size was worth around USD 134 billion in 2024 and is predicted to grow to around USD 364 billion by 2034, with a compound annual growth rate (CAGR) of roughly 10.5% between 2025 and 2034.
An adhesive is employed primarily for its capacity to bond two surfaces together for an extended period and under varied degrees of tension. Adhesives have high shear and tensile strengths, making them suitable bonding materials for high-pressure applications. They can form long-lasting connections when applied correctly with a meter/mix dispensing system or adhesive dispenser. There are two types of adhesives: structural and nonstructural.
Furthermore, sealants are often weaker than adhesives and serve a different purpose. Sealants are frequently used to seal gaps and prevent relative movement between the surfaces to which they are applied. Even while adhesives are often stronger, sealants provide the assembly with much greater flexibility. Sealants include acrylics, silicones, and urethanes.
The rising construction sector drives market growth
The expansion of the building industry is mostly responsible for the growth of the global adhesives and sealants market. The growing usage of adhesives and sealants in a range of building uses, including bonding materials such as concrete, wood, and ceramics and sealing seams and bonding agents, is another factor driving development. Sealants and adhesives are closely linked to the global growth in infrastructure and construction projects.
Since the development of high-performance adhesives and sealants that meet industry needs is needed, the building industry drives most of the urbanization. One interesting trend in the growth of this sector is the development of environmentally friendly adhesives and sealants brought about by building environmental issues.
Stringent environmental regulation hinders market growth
Stricter regulations for the use of volatile organic compounds (VOCs) in adhesives and sealants globally result from growing attention on sustainable product development. Still, most of these rules are stronger in North America and Europe. For the usage of adhesive and sealant, for instance, the South Coast Air Quality Management District (SCAQMD) approved Rule 1168.
Originally approved on April 7, 1989, the rule underwent multiple revisions, adding tougher standards between 2015 and 2018. In the same vein, a government agency in Hong Kong known as the Environmental Protection Department (EPD) recommended in 2008 to regulate volatile organic compounds (VOCs) released by adhesives and sealants. These problems should thus limit the expansion of the adhesives and sealants industry.
Growing product launch offers a lucrative opportunity for market growth
The growing product launch is expected to offer a lucrative opportunity to the adhesive and sealants market during the forecast period. For instance, in September 2024, under its "No More Nails" category, Henkel introduced a new adhesive product called Pattex No More Nails Stick & Peel, the first removable construction adhesive on the market that can hold up to 6 kg of weight on various surfaces like tile, glass, or PVC and can be easily peeled off without causing any damage.
The product's unique properties allow customers to change a wide variety of decorations without any hassle, without the need for power tools, and without causing any damage. It offers high initial tack for quick, easy, and removable decoration at home due to its water resistance, even in damp areas like bathrooms or kitchens.
Competition from alternative bonding technology poses a major challenge to market expansion
The adhesives and sealants market is getting more and more competitive with alternative bonding technologies, which influences their acceptance in several sectors.
For instance, heavy machinery, construction, and the automotive sectors still make use of traditional fasteners since they have remarkable load-bearing capacity. Because they are simpler to disassemble and repair than adhesives, fasteners are chosen for modular and maintenance-intensive uses.
Furthermore, by generating robust, seamless connections in one manufacturing step, advanced 3D printing techniques can replace glue. The growing application of metal and polymer additive manufacturing in the aerospace and medical industries concerns conventional bonding methods.
Report Attributes | Report Details |
---|---|
Report Name | Adhesive And Sealants Market |
Market Size in 2024 | USD 134 Billion |
Market Forecast in 2034 | USD 364 Billion |
Growth Rate | CAGR of 10.5% |
Number of Pages | 223 |
Key Companies Covered | Avery Denison Corporation, 3M Company, H B Fuller, Ashland Inc., Pidilite Industries, Henkel AG, Huntsman, Sika AG, Wacker Chemie AG, RPM International Inc., Dow, Kuraray Co. Ltd., and others. |
Segments Covered | By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2019 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global adhesive and sealants industry is segmented based on product type, application, and region.
Based on the product type, the global adhesive and sealants market is bifurcated into adhesive and sealant. The adhesive segment is expected to hold the largest market share over the forecast period. The packaging industry has seen substantial growth, particularly with the increasing penetration of packaged food and e-commerce. This surge has led to a higher demand for adhesives and sealants used in packaging applications.
Based on the application, the global adhesive and sealants industry is bifurcated into paper board & packaging, building & construction, woodworking & joinery, transportation, footwear & leather, medical and others. The building & construction segment is expected to dominate the market expansion over the projected period.
Products with improved performance characteristics have been developed as a result of advancements in adhesive and sealant technology, meeting the changing demands of the construction sector. Environmentally friendly and sustainable building methods are also becoming more and more popular, which is driving up the use of adhesives and sealants that meet regulations. Thus driving the segment expansion.
Asia Pacific dominates the market over the projected period
The Asia Pacific is expected to dominate the global adhesives and sealants market. Particularly in developing nations, fast urbanization and industrial growth are driving the remarkable growth in the adhesives and sealants sector in Asia Pacific. The building sector is vital since it makes use of these resources for infrastructure initiatives as well as building ones.
Moreover, since the trend toward miniaturization depends on exact bonding and sealing techniques, developments in the electronics sector greatly help to increase the market. Thanks to its large client base and strong manufacturing capacity, the region—a center for adhesives and sealants—attracts businesses from both local and foreign markets.
The global adhesive and sealants market is dominated by players like:
The global adhesive and sealants market is segmented as follows:
By Product Type
By Application
By Region
FrequentlyAsked Questions
An adhesive is employed primarily for its capacity to bond two surfaces together for an extended period and under varied degrees of tension. Furthermore, sealants are often weaker than adhesives and serve a different purpose. Sealants are frequently used to seal gaps and prevent relative movement between the surfaces they apply.
The adhesive and sealants market is driven by several factors, such as the growing construction industry, increasing urbanization, rising infrastructural investment, rising product innovation, and others.
According to the report, the global adhesives and sealants market size was worth around USD 134 billion in 2024 and is predicted to grow to around USD 364 billion by 2034.
The global adhesive and sealants market is expected to grow at a CAGR of 10.5% during the forecast period.
The global adhesives and sealants market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the rising urbanization and industrialization.
The global adhesive and sealants market is dominated by players like Avery Denison Corporation, 3M Company, H B Fuller, Ashland Inc., Pidilite Industries, Henkel AG, Huntsman, Sika AG, Wacker Chemie AG, RPM International Inc., Dow, and Kuraray Co., Ltd., among others.
The adhesives and sealants market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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